Tuesday, August 28, 2007

Sumitomo to acquire Asahi Kasei Chemicals' PP compounding plant

Japan's Sumitomo Chemical plans to acquire the 40,000 tons PP compounding plant of Asahi Kasei Chemicals located at Havant near Portsmouth. Currently, Asahi Kasei holds 65% stake in the company and 35% is owned by Planesa, a Belgium-based holding company which coordinates the plastics operations of four Nichimen Group companies in Europe. AK & N has a 20,000 ton plant in Marseilles, France, which will also be included in the acquisition.

For more details please click on the following link
http://plastemart.com/plasticnews_desc.asp?news_id=10735&P=P

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